Silver Hammer Mining is focused on building a multi mine silver production company. Its growing asset portfolio includes the recently acquired past-producing Silver Strand and Burnt Cabin mines located in the renowned Coeur d’Alene mining district in Idaho, USA, one of the most prolific silver districts in the world and the earlier stage Lacy Gold-Silver project in British Columbia, Canada.
Labrador Gold is a Canadian-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada. The Company is advancing the Kingsway Gold Project, located in the Gander Gold District of Newfoundland. The project is strategically located contiguous to New Found Gold’s Queensway Project and lies along strike to the northeast of their recent discovery of 92.86g/t Au over 19.0 meters.
Vancouver, British Columbia–(Newsfile Corp. – April 20, 2022) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (“EMX”) is pleased to announce a strategic investment in Premium Nickel Resources Corporation (“PNR“), a private Canadian company advancing nickel-copper-cobalt and platinum group element (“PGE“) projects in Botswana. EMX owns 5,412,702 shares or 6.3% of the issued and outstanding shares of PNR, having recently purchased an additional one million shares as part of a US$17.5 million financing completed by PNR at US$2.00 per share.
PNR recently acquired the Selebi and Selebi North nickel-copper-cobalt mines and signed an asset purchase agreement to acquire the Selkirk nickel-copper-cobalt-PGE mine, which are located in Botswana’s prolific Selebi-Phikwe and Tati nickel mining districts, respectively (see Figure 1). The combined Selebi-Phikwe and Tati districts were a leading producer of nickel and copper from initial production in 1972 through closure of the mines at a time of low nickel prices in 2016. PNR intends to modernize and revitalize the mines it recently acquired and further evaluate the exploration potential within the project areas.
In addition to the recent asset acquisitions, in February PNR signed a non-binding letter of intent with North American Nickel Inc. (“NAN“) providing for a business combination of PNR and NAN which would be effected as a reverse takeover (“RTO“) (see NAN News Release dated February 17, 2022). The RTO will provide a public listing and near-term liquidity for PNR shareholders. NAN currently owns 8.9% of PNR, with a warrant to acquire an additional 15% of the equity in PNR (the “Warrant“). As a result of the RTO transaction, PNR shareholders will hold approximately 75% of the outstanding common shares of the resulting issuer, with NAN’s shareholders holding the remaining 25% and NAN’s Warrant would be extinguished. The RTO transaction is subject to shareholder and regulatory approvals1.
Selebi Phikwe District. The metamorphosed magmatic sulfide nickel-copper-cobalt deposits of the Selebi Phikwe District are located in the Limpopo Mobile Belt of northeastern Botswana. The deposits were discovered in the early 1960’s, with mining operations commencing in 1972 and continuing through 2016. Together with its concentrator and smelting facilities, the Selebi-Phikwe District became one of world’s premier nickel mining complexes in the 1970’s and 1980’s. Operational inefficiencies, issues with the smelting complex, and low nickel prices led to closure of the mines in 2016. The mines and mining complex were operated by BCL Limited (“BCL“) and were subject to a recent liquidation process.
Two of the principal mines in the district, Selebi and Selebi North, have been acquired by PNR (See NAN News Release dated February 10, 2022), both of which include substantial underground infrastructure (shafts, rail, power and water) and unmined historical resources. PNR is currently conducting exploration and engineering programs as part of a redevelopment plan that has been approved by the liquidators of BCL and the Botswana government.
Tati Mining District. The Tati Mining District is located 75 kilometers north of Selebi-Phikwe, near Francistown. Several mines occur in the district, including the Phoenix open pit nickel-copper mine and the nearby underground Selkirk nickel-copper-PGE mine. High grade nickel-copper-PGE mineralization was mined at Selkirk between 1989 and 2002 and direct shipped to the BCL Smelter at Selebi-Phikwe. A former owner of the Selkirk Mine, Norilsk Nickel Ltd, advanced the project to the feasibility stage and was preparing Selkirk as an open pit mining operation when it sold the mine to BCL in 2014.
Similar to the BCL assets at Selebi-Phikwe, assets of the Tati Nickel Mining Company were included in the recent liquidation process, which included the Selkirk Mine. PNR recently signed an asset purchase agreement with the liquidator to acquire the Selkirk Mine (see NAN News Release dated February 14, 2022) and has been conducting metallurgical tests and resampling of historical drill core.
PNR Activities at Selebi and Selkirk. The acquisition of the Selebi, Selebi North and Selkirk Mines by PNR followed an extensive period of evaluation, due diligence and data compilation and negotiations for acquisition of the assets. Proposed work by PNR at Selebi and Selebi North includes exploration drilling of prioritized geophysical targets, metallurgical and engineering studies, and upgrading of underground infrastructure. Proposed work at Selkirk will include continued metallurgical studies, exploration programs to update historical resources, and environmental studies.
Importantly, PNR is planning to design its own processing plant infrastructure and tailings facilities at Selebi and Selkirk which will be spatially and operationally independent of the historical concentrator plants and smelting facilities at Phikwe. Upon commencement of production, PNR intends to produce both copper concentrate and nickel-cobalt concentrate products for sale.
As a strategic shareholder, EMX has maintained an active dialog with the management team at PNR and has made site visits to the project areas. EMX looks forward to continuing its active relationship with the resultant issuer following completion of the RTO.
In recent years, EMX began seeking strategic investment and royalty generation opportunities in nickel and associated battery metal elements such as cobalt and PGE’s. EMX’s investment into PNR is another example of this approach and provides EMX with additional commodity diversification and exposure to the battery metals market.
Comments on nearby mines and deposits. The nearby mines and deposits discussed in this news release provide context for PNR’s assets, which occur in a similar geologic setting, but this is not necessarily indicative that the PNR properties will host similar mineralization.
Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.
About EMX. EMX is a precious, base and battery metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and the TSX Venture Exchange under the symbol EMX, and also trade on the Frankfurt exchange under the symbol “6E9”. Please see www.EMXroyalty.com for more information.
For further information contact:
David M. Cole President and Chief Executive Officer Phone: (303) 973-8585 Dave@EMXroyalty.com
Scott Close Director of Investor Relations Phone: (303) 973-8585 SClose@EMXroyalty.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release may contain “forward-looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserve and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the year ended December 31, 2021 (the “MD&A”), and the most recently filed Revised Annual Information Form (the “AIF”) for the year ended December 31, 2021, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC’s EDGAR website at www.sec.gov.
Figure 1. Location map for the Selebi-Phikwe and Tati Mining Districts in Botswana.
1 Investors are cautioned that there can be no definitive assurances that the RTO transaction will be approved and closed, or that the indicative terms specified by PNR and NAN will ultimately be adopted.
Location map showing Midway and other gold occurrences at Kingsway.
Hole K-22-157 intersected 3.53 g/t Au over 6 metres from 37 metres including 5.71 g/t Au over 3 metres in altered and sulphidised gabbro.
The mineralization was intersected in just the third diamond drill hole at the Midway target.
Midway lies between the Appleton Fault Zone and the Dog Bay Line, approximately 2.7km North of Big Vein and 1.4km southwest of the Cracker gold occurrence.
The new discovery at Midway, along strike from the Cracker gold occurrence, opens up a potential second gold mineralized system subparallel to the Appleton Fault Zone.
TORONTO, April 19, 2022 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce a new discovery of near surface gold mineralization from diamond drilling at the Midway target at its 100% controlled Kingsway project near Gander, Newfoundland. This hole was drilled as part of the Company’s ongoing 100,000 metre drill program and represents a new target for gold at Kingsway.
Hole K-22-157 was drilled to test anomalous gold values at the Midway target and intersected 3.53 g/t Au over 6 metres from 37 metres including 5.71 g/t Au over 3 metres. Midway lies between the Appleton Fault Zone and the Dog Bay Line, two major structures in the region, approximately 2.7km north of Big Vein and represents a different mineralized system. The gold mineralization was intersected in just the third diamond drill hole at Midway. The mineralization is hosted by a strongly altered and sulphidised gabbro that intruded the siltstone and sandstone. Higher gold grades are associated with increased pyrite and arsenopyrite abundance and strong potassic feldspar, carbonate and silica alteration.
“The gold mineralization intersected at Midway represents a different style of mineralization than what we see at Big Vein. It is similar to that found at the Cracker gold occurrence approximately 1.4 kilometres northeast of Midway,“ said Roger Moss, President and CEO of the Company. “This new discovery at Midway, in addition to the gold mineralization at Cracker, opens up a potential second mineralized system at Kingsway. We know that gabbroic intrusions occur intermittently along strike to the northeast and southwest of Cracker and Midway and believe that these intrusions have come up along a structure subparallel to the Dog Bay Line and the Appleton Fault Zone. While our main focus remains generating and drilling targets along the Appleton Fault Zone, we will continue to investigate the potential of the gabbro hosted gold mineralization on the property.”
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
K-22-157
37
43
6
3.53
including
40
43
3
5.71
Table 1. Summary of Assay Results All intersections are downhole length as there is insufficient Information to calculate true width.
Gold mineralization at both Midway and Cracker is hosted by altered gabbro. Quartz-carbonate alteration is present in both cases, with K-feldspar alteration also prominent at Midway. Disseminated pyrite and arsenopyrite are also associated with the gold mineralization. Historical grab samples from the Cracker occurrence include assays of 61.73 g/t, 33.87 g/t and 16.4 g/t Au. It is believed that these gold occurrences represent the presence of a fertile structure developed by the rheological contrast between the gabbro and the sediments forming the country rock. (Note that grab samples are select samples and are not necessarily representative of gold mineralization found on the property).
Gabbroic intrusions are known to occur along strike to the northeast and southwest of the Cracker and Midway occurrences and extend intermittently across the entire property, a distance of approximately 21 kilometres. Samples from some of these gabbros have returned anomalous gold mineralization suggesting the potential for an extensive mineralized system subparallel to the Appleton Fault Zone and the Dog Bay Line.
QA/QC
True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than 1g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch.
Qualified Person
Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.
The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.
About Labrador Gold Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.
In early 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The three licenses comprising the Kingsway project cover approximately 12km of the Appleton Fault Zone which is associated with gold occurrences in the region, including those of New Found Gold immediately to the south of Kingsway. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water. LabGold is drilling a projected 50,000 metres targeting high-grade epizonal gold mineralization along the Appleton Fault Zone following encouraging early results. The Company has approximately $28 million in working capital and is well funded to carry out the planned program.
The Hopedale property covers much of the Florence Lake greenstone belts that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Work to date by Labrador Gold show gold anomalies in rocks, soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 km along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 40km strike length of the Florence Lake Greenstone Belt.
The Company has 155,589,526 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.
For more information please contact:
Roger Moss, President and CEO Tel: 416-704-8291
Or visit our website at: www.labradorgold.com
Twitter: @LabGoldCorp
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
Metallic Minerals Corp. (TSX-V: MMG / US OTC: MMNGF) is a growth stage exploration company focused on the acquisition and development of high-grade silver and gold projects within underexplored districts proven to produce top-tier assets. Our objective is to create value through a disciplined, systematic approach to exploration, reducing investment risk and maximizing probability of long-term success. Our core Keno Silver Project is located in the historic Keno Hill Silver District of Canada’s Yukon Territory, a region which has produced over 200 million ounces of silver and currently hosts one of the world’s highest-grade silver resources. The Company’s La Plata silver-gold-copper project is located in the high-grade La Plata district of the prolific Colorado Mineral Belt and our McKay Hill project northeast of Keno Hill is a high-grade historic silver-gold producer. Metallic Minerals is also building a portfolio of gold royalties in the historic Klondike Gold District. Metallic Minerals is led by a team with a track record of discovery and exploration success, including large scale development, permitting and project financing.
Burlington, Ontario–(Newsfile Corp. – March 30, 2022) – On March 25, 2022, Silver Bullet Mines Corp. (TSXV: SBMI) (‘SBMI’ or ‘the Company’) announced an extension to close on the final tranche of its previously announced financing (the “Financing”). The Company announces it has now closed on the final round of the Financing. The gross cash proceeds from the Financing is $2,718,903.
“We thank the shareholders for their continued faith in our business plan and in our ability to execute on it,” said A. John Carter, SBMI’s CEO. “We had planned certain capital expenditures for some months out to improve the recovery rates for silver and copper at our mill in Arizona. The strength of the Financing empowers us to makes those expenditures now, which we expect will increase anticipated revenue and cash flow.”
The oversubscribed total represents 6,797,258 Units, with each Unit priced at $0.40 (forty cents). Each Unit consists of one common share and one full 60-cent (sixty cent) warrant with a 24-month term, with each such warrant being exercisable into a common share (the “Financing”). There is no acceleration clause on such warrants.
The Financing had an original minimum-maximum of $500,000 and $2,000,000 respectively. The Financing was oversubscribed by more than 35% of the original maximum.
In connection with the Financing a total of 79,130 broker warrants were issued as referral fees to registrants, with such warrants having the same characteristics as those issued in the Financing. A total of $73,352 was also paid in cash as referral fees.
An insider of the Company participated in the Financing which is a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relies upon the exemptions contained in MI61-101 in sections 5.5 and 5.7.
For further information, please contact:
John Carter Silver Bullet Mines Corp., CEO cartera@sympatico.ca +1 (905) 302-3843
Peter M. Clausi Silver Bullet Mines Corp., VP Capital Markets pclausi@brantcapital.ca +1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global viruses create risks that at this time are immeasurable and impossible to define.
Vancouver, British Columbia–(Newsfile Corp. – February 24, 2022) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”), is pleased to report it has signed an agreement with Agnico Eagle Mines Limited (TSX:AEM) for the sale of the Pima Property located in Sonora, Mexico, where Riverside will receive cash and completes the pass through royalty transfer with Millrock Resources Inc (TSV:MRO). The Pima Project is part of the Santa Teresa Gold Mining District which includes the Santa Gertrudis Gold Mine owned by Agnico Eagle.
The Pima mineral concession is located inside Agnico’s property tenure and south of the known mine operation. Acquiring the Pima project allows Agnico to consolidate another part of its property concession and provides cash to Riverside. As a reminder, this project was originally added to Riverside’s portfolio as part of the 2019 purchase of the Millrock’s set of 5 (five) assets that included the Cuarentas and La Union projects (see press release September 11, 2019). This current transaction with Agnico allows Riverside to recover the amount of the Millrock transaction with profit and pass on the royalty to Millrock who has been a positive partner with the Company in Mexico.
Riverside is now focusing on its 100% owned projects within its portfolio, including the Cuarentas Gold Project, which is located southeast of Agnico’s property and where drilling in 2021 discovered gold in intermediate sulfidation veins. Riverside plans to progress further work at the Cuarentas project in 2022.
About Riverside Resources Inc.: Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4.5M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO
For additional information contact:
John-Mark Staude President, CEO Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.com
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
North Vancouver, British Columbia–(Newsfile Corp. – February 23, 2022) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is very pleased to announce additional results from its recently completed Phase 1 infill drill program on the Zone 2 portion of the Tuvatu high-grade alkaline Au deposit located on the island of Viti Levu in Fiji. The infill program began in June, 2021 and was completed last week with the termination of hole TUDDH576, bringing the total drilled to 7475.2m and total drill core resampled to 955.4m, for a program total of 8430.6m.
–7475m of drilling completed in 42 holes and 955m of resampling of 28 historic drillholes as part of Phase 1 infill program
Top Intercepts from Latest Infill Drilling Include
77.11 g/t Au over 3.90m from 30.8-34.7m, inc. 162.22 g/t Au over 1.8m from TUDDH 571 12.56 g/t Au over 7.80m from 87.1-94.9m, inc. 54.43 g/t Auover 1.2m from TUDDH 572 16.08 g/t Au over 7.80m from 30.1-37.9m, inc. 62.22 g/t Au over 1.8m from TUDDH 573 15.10 g/t Au over 3.60m from 121.1-124.7m, inc. 95.06 g/t Au over 0.3m from TUDDH 575
Infill Drilling Program
The consistent bonanza-grade results from many of the drill holes that are part of the Phase 1 infill drill program continue to suggest higher-than-expected continuity of high-grade mineralization as well as higher absolute grades between modelled lodes (Figure 1, Table 1). Analysis of historic drill core material to eliminate sample gaps in areas where the current resource model lacked adequate data density has also yielded positive results, and in several instances, gold grades well above the resource average (Table 2). These factors should result in additional ounces in the portion of the deposit earmarked for earliest production. The re-modelling of Zone 2 lodes will begin as soon as all new data has been received and compiled and all holes have been properly surveyed.
The next (Phase 2) infill program planned for ~5000m of diamond drilling from surface and ~2500m of grade control diamond drilling from underground is aimed at upgrading the resource database in Zone 5 which is scheduled for production within the initial 3 years of operation. This second infill drill program began February 17, 2022 with drill hole TUDDH577, and is expected to require 5-6 months of drilling using three rigs (two from surface and one from underground) to complete.
Highlights from Latest Phase 1 Infill Drilling Results
TUDDH570
16.13 g/t Au over 0.5m from 132.1-132.6m
39.36 g/t Au over 0.3m from 142.0-142.3m
8.99 g/t Au over 3.6m from 154.0-157.6m, including
11.79 g/t Au over 0.9m from 155.2-156.1m,
30.28 g/t Au over 0.6m from 157.0-157.6m,
TUDDH571
77.11 g/t Au over 3.90m from 30.8-34.7m, including
162.22 g/t Au over 1.8m from 30.8-32.6m, which includes
179.0 g/t Au over 0.3m from 30.8-31.1, and
61.86 g/t Au over 0.3m from 31.1-31.4m, and
210.3 g/t Au over 0.3m from 31.4-31.7m, and
190.0 g/t Au over 0.3m from 31.7-32.0m, and
261.0 g/t Au over 0.3m from 32.0-32.3m, and
71.13 g/t Au over 0.3m from 32.3-32.6m, and including
16.96 g/t Au over 0.3m from 34.4-34.7m
TUDDH572
12.56 g/t Au over 7.80m from 87.1-94.9m, including
54.43 g/t Au over 1.2m from 87.1-88.3m, which includes
19.67 g/t Au over 0.3m from 87.1-87.4m, and also includes
196.0g/t Au over 0.3m from 88.0-88.3m, and also includes
16.04 g/t Au over 1.5m from 89.8-91.3m, which includes
34.92 g/t Au over 0.6m from 89.8-90.4m
26.19 g/t Au over 0.6m from 105.1-105.7m, including
21.39 g/t Au over 0.3m from 105.1-105.4m, and
30.97 g/t au over 0.3m from 105.4-105.7m
TUDDH573
9.98 g/t Au over 1.60m from 27.5-29.1m, including
16.54 g/t Au over 0.9m from 27.5-28.4m, which includes
31.58 g/t Au over 0.3m from 27.8-28.1m
16.08 g/t Au over 7.80m from 30.1-37.9m, including
62.22 g/t Au over 1.8m from 35.5-37.3m, which includes
89.02 g/t Au over 0.3m from 35.5-35.8m, and
52.18 g/t Au over 0.3m from 35.8-36.1m, and
201.0 g/t Au over 0.3m from 36.1-36.4m
10.70 g/t Au over 0.6m from 269.9-270.5m, including
15.41 g/t Au over 0.3m from 269.9-270.2m
TUDDH574
11.19 g/t Au over 0.3m from 81.2-81.5m
29.53 g/t Au over 0.9m from 106.1-107.0m, including
21.11 g/t Au over 0.3m from 106.1-106.4m, and
33.74 g/t Au over 0.6m from 106.4-107.0m
TUDDH575
12.07 g/t Au over 0.3m from 77.3-77.6m
16.11 g/t Au over 0.6m from 109.7-110.3m, including
26.24 g/t Au over 0.3m from 110.0-110.3m
5.99 g/t Au over 10.50m from 114.2-124.7m, including
18.53 g/t Au over 1.80m from 119.6-121.4m, and
15.10 g/t Au over 3.60m from 121.1-124.7m, which include
95.06 g/t Au over 0.3m from 121.1-121.4m, and
55.71 g/t Au over 0.3m from 124.4-124.7m
Figure1: Schematic vertical section showing selected infill drilling, Tuvatu. Some of the drillholes shown are off section (e.g. TUDDH571 is N of section, and TUDDH 568 is S of section) and are projected onto the section for clarity.
Table 1: Drilling Intervals >0.5 g/t Au Reported (intervals > 3.0 g/t Au cutoff and wider than 2.0m are bolded)
Hole ID
From (m)
To (m)
Interval (m)
Grade (g/t Au)
TUDDH-567
62.9
65.8
2.9
2.13
including
64.1
64.4
0.3
7.85
67.0
67.6
0.6
0.5
69.4
70.0
0.6
1.49
72.1
72.8
0.7
2.25
78.3
78.6
0.3
0.76
79.9
84.8
4.9
1.59
including
83.5
83.8
0.3
5.03
88.1
92.2
4.1
0.89
93.4
97.3
3.9
0.62
103.1
103.7
0.6
1.13
106.1
107.3
1.2
2.32
110.0
112.5
2.5
6.09
including
111.9
112.5
0.6
21.28
115.3
116.2
0.9
5.43
136.1
137.3
1.2
2.87
TUDDH-568
no significant results
TUDDH-569
58.3
59.2
0.9
6.12
including
58.8
59.2
0.4
8.9
78.4
78.7
0.3
1.78
82.0
82.6
0.6
0.93
93.1
93.7
0.6
6.79
101.8
103.0
1.2
0.96
105.4
106.9
1.5
0.82
132.4
134.4
2.0
3.64
including
133.6
134
0.4
15.78
155.9
156.3
0.4
1.32
TUDDH-570
33.5
35.2
1.7
1.71
39.7
40.4
0.7
12.78
41.6
42.2
0.6
2.53
46.0
49.9
3.9
1.41
53.5
56.4
2.9
0.89
60.3
60.9
0.6
0.95
65.4
66.0
0.6
1
72.7
73.3
0.6
3.51
84.4
84.7
0.3
3.29
88.1
90.5
2.4
0.72
91.7
95.8
4.1
1.35
99.3
99.6
0.3
0.68
102.6
104.4
1.8
1.21
107.0
114.7
7.7
4.09
including
110.1
110.8
0.7
15.96
including
111.1
111.7
0.6
6.87
also including
113.8
114.7
0.9
6.26
115.9
117
1.1
3.41
118.8
121.3
2.5
4.8
including
118.8
119.1
0.8
13.17
which also includes
119.1
119.6
0.5
15.87
130.0
132.6
2.6
6.4
including
130.0
130.9
0.9
9.3
including
132.1
132.6
0.5
16.13
135.6
136.5
0.9
0.86
137.7
143.5
5.8
3.13
including
142.0
142.3
0.3
39.36
147.5
149.3
1.8
0.77
151.4
152.3
0.9
2.62
including
151.4
151.7
0.3
5.54
154.0
157.6
3.6
8.99
including
154.0
154.3
0.3
7.3
and including
155.2
156.1
0.9
11.79
which also includes
157.0
157.6
0.6
30.28
161.5
163.6
2.1
4.38
including
161.5
162.1
0.6
7.49
including
162.7
163.0
0.3
9.59
165.1
166.3
1.2
1.44
TUDDH-571
30.8
34.7
3.9
77.11
including
30.8
32.6
1.8
162.22
including
30.8
31.1
0.3
179.0
including
31.1
31.4
0.3
61.86
including
31.4
31.7
0.3
210.3
including
31.7
32.0
0.3
190.0
including
32.0
32.3
0.3
261.0
including
32.3
32.6
0.3
71.13
including
34.4
34.7
0.3
16.96
75.5
76.1
0.6
0.64
TUDDH-572
29.8
30.4
0.6
0.85
35.5
36.1
0.6
5.1
37.3
42.4
5.1
0.58
44.2
47.2
3
4.94
including
44.2
45.4
1.2
8.04
which includes
44.2
44.5
0.3
20.4
48.4
49.6
1.2
0.61
63.4
63.7
0.3
2.75
66.1
67.3
1.2
0.55
73.6
75.4
1.8
1.13
82.6
83.2
0.6
5.66
including
82.6
82.9
0.3
7.85
85.0
85.3
0.3
6.78
87.1
94.9
7.8
12.56
including
87.1
88.3
1.2
54.43
which includes
87.1
87.4
0.3
19.67
and
88.0
88.3
0.3
196.0
and also includes
89.8
91.3
1.5
16.04
which includes
89.8
90.4
0.6
34.92
103.3
106.6
3.3
5.86
including
105.1
105.7
0.6
26.18
which includes
105.1
105.4
0.3
21.39
and includes
105.4
105.7
0.3
30.97
121.9
122.2
0.3
0.51
128.2
128.5
0.3
0.5
TUDDH-573
7.4
8.3
0.9
0.7
10.2
10.5
0.3
2.44
12.6
16.55
3.95
0.62
23.0
23.3
0.3
0.52
27.5
29.1
1.6
9.98
including
27.5
28.4
0.9
16.54
which also includes
27.8
28.1
0.3
31.58
30.1
37.9
7.8
16.08
including
35.5
37.3
1.8
62.22
including
35.5
35.8
0.3
89.02
including
35.8
36.1
0.3
52.18
which also includes
36.1
36.4
0.3
201.0
41.5
43.0
1.5
5.05
including
41.5
41.8
0.3
8.86
51.7
52
0.3
2.14
58.7
59.9
1.2
1.62
185.3
185.6
0.3
6.68
205.4
206.9
1.5
4.06
including
206.6
206.9
0.3
9.2
216.5
217.4
0.9
0.8
225.5
225.8
0.3
6.34
249.0
249.3
0.3
2.06
269.9
271.7
1.8
4.23
including
269.9
270.5
0.6
10.7
which includes
269.9
270.2
0.3
15.41
TUDDH-574
23.3
24.2
0.9
0.58
41.0
43.7
2.7
1.66
49.1
50.6
1.5
2.62
59.3
59.6
0.3
1.33
70.1
71.3
1.2
2.78
81.2
81.5
0.3
11.19
92.9
93.2
0.3
3.69
106.1
107.0
0.9
29.53
including
106.1
106.4
0.3
21.11
and
106.4
107.0
0.6
33.74
TUDDH-575
32.3
32.6
0.3
0.66
33.8
34.1
0.3
0.76
41.9
44.3
2.4
1.29
including
41.9
42.2
0.3
4.74
and
42.5
43.1
0.6
0.56
and
43.4
43.7
0.3
0.62
and
44.0
44.3
0.3
0.75
46.4
47.0
0.6
0.68
48.2
48.5
0.3
0.55
66.5
67.1
0.6
0.53
77.0
79.1
2.1
2.18
including
77.0
77.3
0.3
0.57
and
77.3
77.6
0.3
12.07
78.5
78.8
0.3
1.00
78.8
79.1
0.3
0.83
83.6
83.9
0.3
3.30
85.1
86.3
1.2
1.63
90.2
90.5
0.3
1.19
99.2
99.8
0.6
0.79
106.1
107.0
0.9
3.42
including
106.1
106.4
0.3
4.08
and
106.4
106.7
0.3
1.93
and
106.7
107.0
0.3
4.24
109.1
110.3
1.2
8.39
including
109.1
109.4
0.3
0.54
and
109.4
109.7
0.3
0.79
and
109.7
110.0
0.3
5.97
and
110.0
110.3
0.3
26.24
114.2
124.7
10.5
5.98
including
114.2
114.5
0.3
1.32
and
115.4
115.7
0.3
4.35
and
116.0
116.3
0.3
0.50
and
117.2
117.5
0.3
1.08
and
117.5
117.8
0.3
3.30
and
118.7
119.0
0.3
0.52
and
119.6
121.4
1.8
18.53
which includes
119.6
119.9
0.3
6.94
and includes
119.9
120.2
0.3
4.59
and includes
120.2
120.5
0.3
4.45
and includes
121.1
121.4
0.3
95.06
or
121.1
124.7
3.6
15.1
which includes
121.1
121.4
0.3
95.06
and includes
121.7
122.0
0.3
0.57
and includes
122.0
123.2
1.2
2.77
and includes
123.2
123.5
0.3
3.05
and includes
123.5
123.8
0.3
0.73
and includes
123.8
124.4
0.6
7.47
and includes
124.4
124.7
0.3
55.71
129.5
131.3
1.8
1.21
including
129.5
130.1
0.6
2.81
and
131.0
131.3
0.3
0.67
132.5
132.8
0.3
4.97
135.5
135.8
0.3
0.93
137.6
137.9
0.3
1.41
143.3
144.5
1.2
1.59
including
143.3
143.6
0.3
1.05
and
143.6
144.2
0.6
1.97
and
144.2
144.5
0.3
1.35
162.2
162.5
0.3
1.45
TUDDH-576
22.9
23.5
0.6
1.49
25.0
25.6
0.6
0.63
29.2
29.5
0.3
1.1
36.7
38.5
1.8
8.25
including
36.7
37.0
0.3
2.60
and
37.0
37.6
0.6
0.56
and
37.6
38.5
0.9
15.26
39.7
40.0
0.3
0.57
43.0
44.2
1.2
0.77
including
43.0
43.6
0.6
0.55
and
43.6
44.2
0.6
0.98
Table 2: Summary of results from selected sample gap intervals from historic drill core
Hole ID
From (m)
To (m)
Interval (m)
Grade (g/t Au)
TUDDH-212
448.1
448.4
0.30
1.25
TUDDH-225
52.70
53.35
0.35
14.10
54.25
54.85
0.60
1.06
89.0
89.6
0.60
0.71
91.1
92.0
0.90
10.98
94.3
94.6
0.30
3.22
102.0
103.4
1.40
0.68
TUDDH-356
60.05
60.35
0.30
0.61
72.2
72.5
0.30
4.21
77.6
77.9
0.30
0.53
81.5
82.26
0.76
1.81
TUDDH-362
84.81
85.11
0.30
0.56
85.41
85.71
0.30
0.69
85.71
86.01
0.30
1.47
86.31
86.61
0.30
74.58
86.91
87.4
0.49
0.53
TUDDH-408
43.23
43.74
0.51
0.54
44.65
45.25
0.60
1.28
79.27
79.87
0.60
2.21
79.87
80.47
0.60
1.80
TUDDH-410
73.2
73.8
0.60
3.38
118.2
118.8
0.60
1.81
TUDDH-525
466.6
466.9
0.30
0.95
TUDDH-539
131.1
131.7
0.60
6.88
TUDDH-540
62.93
63.23
0.30
4.22
64.6
64.9
0.30
0.61
64.9
65.2
0.30
3.87
69.8
70.4
0.60
2.20
77.3
77.6
0.30
0.97
90.7
91.0
0.30
4.11
Table 3: Survey details of diamond drill holes referenced in this release
Hole No
Coordinates (Fiji map grid)
RL
final depth
dip
azimuth
N
E
m
(TN)
TUDDH567
3920779
1876395
219.9
183.8
-40
255
TUDDH568
3920686
1876364
255.1
112.9
-75
258
TUDDH569
3920779
1876396
219.9
191.7
-69
252
TUDDH570
3920780
1876396
220.0
233.3
-44
270
TUDDH571
3920932
1876510
236.1
847.6
-62
147
TUDDH572
3920779
1876396
219.9
203.5
-60
270
TUDDH573
3920796
1876351
209.7
779.2
-66
131
TUDDH574
3920779
1876396
219.9
182.6
-70
270
TUDDH575
3920779
1876396
219.9
164.3
-47
285
TUDDH576
3920779
1876396
219.9
200.5
-60
285
TUDDH577
3920435
1876513
348.0
in progress
-40
270
TUDDH-212
3920664
1876757
281.3
600.5
-58
245
TUDDH-225
3920737
1876336
222.8
300.3
-60
330
TUDDH-356
3920760
1876260
205.5
112.9
-61
010
TUDDH-362
3920775
1876303
219.6
132.0
-65
360
TUDDH-408
3920767
1876337
225.0
140.6
-70
330
TUDDH-410
3920731
1876309
228.9
143.6
-65
340
TUDDH-525
3920796
1876351
209.4
350.6
-57
123
TUDDH-539
3920733
1876297
225.1
186.2
-72
004
TUDDH-540
3920733
1876297
225.1
168.2
-60
001
Qualified Person
The scientific and technical content of this news release has been reviewed, prepared, and approved by Mr. Sergio Cattalani, P. Geo, who is a qualified person pursuant to National Instrument 43-101 – Standards of disclosure for Mineral Projects (“NI-43-101).
About Tuvatu
The Tuvatu gold deposit is located on the island of Viti Levu in the South Pacific island nation of Fiji. The mineral resource for Tuvatu as disclosed in the technical report “Tuvatu Gold Project PEA”, dated June 1, 2015, and prepared by Mining Associates Pty Ltd of Brisbane Qld, and subsequently updated in January 2018 as disclosed in the technical report and PEA by Tetra Tech “Technical Report and Preliminary Economic Assessment Update for the Tuvatu Gold Project, The Republic of Fiji” dated September 2020, comprises 1,007,000 tonnes Indicated at 8.48 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and on the SEDAR website at www.sedar.com.
About Lion One Metals Limited
Lion One’s flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project, located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the entire Navilawa caldera, an underexplored yet highly prospective 7km diameter volcanic edifice of alkaline affinity. Lion One’s CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.
On behalf of the Board of Directors of Lion One Metals Limited “Walter Berukoff“ Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.
This press release may contain statements that may be deemed to be “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
VANCOUVER, BC / ACCESSWIRE / February 14, 2022 / Granite Creek Copper Ltd. (TSX.V:GCX | OTCQB:GCXXF) (“Granite Creek” or the “Company“) is pleased to announce that GoldSpot Discoveries Corp. (TSX.V: SPOT) (“GoldSpot”) has completed work for Granite Creek Copper’s Carmacks project. GoldSpot was engaged to apply their proprietary machine learning technology and geoscience expertise on the Company’s Carmacks deposit and Carmacks North target area, located in the high-grade Minto copper belt of Canada ‘s Yukon Territory.
GoldSpot is a mining-focused technology company that is working with some of the leading exploration and mining names in the industry to apply cutting edge Artificial Intelligence (“AI”) algorithms to significantly increase the efficiency and success rate of mineral exploration. Recent successes by GoldSpot with leading projects in exploration, development, and production-phases have demonstrated the potential to expand resources and make new discoveries using their advanced analytical technology.
Highlights of the Granite Creek-GoldSpot collaboration include:
Re-interpretation of geophysical data, and the use of GoldSpot’s in-house image processing approach GeoFEZ™, to produce new priority exploration targets
Statistical analysis of multi-element geochemical data to develop geochemical signatures of ‘mineralized lenses (rafts)’
Development of Machine Learning products to help vector towards previously unidentified mineralized horizons (rafts)
Generation of a revamped 3D geological model on the Carmacks deposit
Preliminary analysis of historic drill-core photos using GoldSpot’s LithoLens
Granite Creek’s collaboration with GoldSpot produced several potential new targets (see figure 1), including sub- parallel zones adjacent to zones 147, 2000S and 13 at the Carmacks deposit identified by an analysis of the drillhole database. The spatial relationship between the geochemical signature of mineralization and associated depleted areas haloing mineralization identifies targets areas where a depletion halo occurs with no known associated mineralization. In addition to the target areas in and around the Carmacks deposit, new targets were developed in the Carmacks North area, based on a review of multiple geophysical techniques, including aeromagnetic surveys and induced polarity surveys with the interplay between the survey types generating and confirming the anomalies.
The outcome of this high-quality work provides the technical team at Granite Creek Copper with extremely valuable and necessary tools to assist in drill hole targeting for the 2022 campaign, including resource expansion, early-stage prospects, and exploratory targets on the highly prospective 176 square kilometer Carmacks copper-gold project.
Granite Creek President & CEO, Tim Johnson, stated, “The prospectively of the Carmacks project has been confirmed and expanded on by the excellent work completed by Goldspot. The number of new targets combined with the existing targets developed from historical data continues to support our assertion that there is a lot of discovery yet to be made on the property. Goldspot’s work has advanced our understanding of the property and will become an integral part in our planning for our 2022 exploration program. We look forward to discussing our plans for the upcoming field season and we are on track to deliver a significant update to the existing NI 43-101 mineral resource estimate in Q1, as expected.
Figure 1: Carmacks Project with GoldSpot defined target areas and excising targets and zones
Figure 2: Granite Creek geologist’s review core with Goldspot team at Carmacks Project
Options
Granite Creek also wises to announce that, subject to TSX Venture Exchange approval, it has granted 1,100,000 incentive stock options to directors, officers, employees, and consultants of the Company, under its long-term incentive plan. The options are exercisable for up to five years, expiring on February 14th, 2027, and each option will allow the holder to purchase one common share of the company at a price of $0.20 per share.
Shares for Debt
Further to its news release of December 23, 2021, the Company has completed the settlement of $86,162 of outstanding debt through the issuance of a total of 344,648 common shares of the Company at a deemed price of $0.25 per share. The shares issued are subject to a statutory hold period of four months and one day from the date of issuance, under applicable Canadian securities laws.
About Granite Creek Copper
Granite Creek, a member of the Metallic Group of Companies, is a Canadian exploration company focused on the 176 square kilometer Carmacks project in the Minto copper district of Canada’s Yukon Territory. The project is on trend with the high-grade Minto copper-gold mine, operated by Minto Metals Corp., to the north, and features excellent access to infrastructure with the nearby paved Yukon Highway 2, along with grid power within 12 km. More information about Granite Creek Copper can be viewed on the Company’s website at www.gcxcopper.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Timothy Johnson, President & CEO Telephone: 1 (604) 235-1982 Toll-Free: 1 (888) 361-3494 E-mail: info@gcxcopper.com
Ms. Debbie James, P.Geo., a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.
Forward-Looking Statements
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Granite Creek Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Granite Creek Copper and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
